| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Light crude oil price has surged by 16.25% against the US Dollar since the beginning of February. The commodity tested the 61.00 level during this week's trading sessions.
All things being equal, the crude oil prices would continue to edge higher during the following trading sessions. The potential target for bullish traders would be near the 67.00 mark.
However, the upper line of an ascending channel pattern could provide resistance for the LIGHT.CMD/USD pair during next week's trading sessions.